Analysts’ Weekly Ratings Updates for Northern Oil and Gas (NOG)

A number of research firms have changed their ratings and price targets for Northern Oil and Gas (NYSE: NOG):

• 5/13/2025 – Northern Oil and Gas had its “strong-buy” rating reaffirmed by analysts at Raymond James.
• 5/13/2025 – Northern Oil and Gas had its price target raised by analysts at Raymond James from $35.00 to $36.00. They now have a “strong-buy” rating on the stock.
• 5/13/2025 – Northern Oil and Gas had its price target lowered by analysts at Piper Sandler from $34.00 to $30.00. They now have a “neutral” rating on the stock.
• 5/13/2025 – Northern Oil and Gas had its price target lowered by analysts at Mizuho from $35.00 to $33.00. They now have a “neutral” rating on the stock.
• 4/14/2025 – Northern Oil and Gas had its price target lowered by analysts at Royal Bank of Canada from $40.00 to $34.00. They now have a “sector perform” rating on the stock.
• 4/1/2025 – Northern Oil and Gas had its price target lowered by analysts at Bank of America Co. from $48.00 to $41.00. They now have a “buy” rating on the stock.
• 3/27/2025 – Northern Oil and Gas had its price target lowered by analysts at Morgan Stanley from $43.00 to $38.00. They now have an “equal weight” rating on the stock.

Northern Oil and Gas Stock Down 1.1%

Shares of NYSE NOG opened at $28.43 on Monday. Northern Oil and Gas, Inc. has a 12-month low of $19.88 and a 12-month high of $44.31. The firm has a market cap of $2.81 billion, a PE ratio of 5.53 and a beta of 1.47. The company’s fifty day simple moving average is $26.36 and its 200 day simple moving average is $33.72. The company has a quick ratio of 1.23, a current ratio of 0.92 and a debt-to-equity ratio of 1.02.

Northern Oil and Gas (NYSE:NOG) last announced its earnings results on Tuesday, April 29th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.21. The business had revenue of $602.10 million during the quarter, compared to analyst estimates of $568.87 million. Northern Oil and Gas had a net margin of 23.38% and a return on equity of 24.41%. Northern Oil and Gas’s revenue for the quarter was up 51.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. As a group, sell-side analysts forecast that Northern Oil and Gas, Inc. will post 5.18 earnings per share for the current fiscal year.

Northern Oil and Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, June 27th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend is Friday, June 27th. Northern Oil and Gas’s dividend payout ratio (DPR) is presently 28.04%.

Insider Activity at Northern Oil and Gas

In related news, Director Bahram Akradi purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $28.03 per share, with a total value of $1,121,200.00. Following the completion of the acquisition, the director now owns 1,662,016 shares of the company’s stock, valued at $46,586,308.48. The trade was a 2.47% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Nicholas L. O’grady bought 1,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was bought at an average price of $27.48 per share, with a total value of $27,480.00. Following the completion of the acquisition, the chief executive officer now owns 226,189 shares in the company, valued at $6,215,673.72. This represents a 0.44% increase in their ownership of the stock. The disclosure for this purchase can be found here. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northern Oil and Gas

Several institutional investors have recently added to or reduced their stakes in NOG. Vanguard Group Inc. raised its stake in Northern Oil and Gas by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 11,273,298 shares of the company’s stock valued at $418,916,000 after buying an additional 166,501 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Northern Oil and Gas by 6.4% in the first quarter. American Century Companies Inc. now owns 6,953,377 shares of the company’s stock worth $210,201,000 after buying an additional 415,781 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Northern Oil and Gas by 30.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,298,379 shares of the company’s stock worth $129,939,000 after acquiring an additional 1,001,493 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of Northern Oil and Gas by 0.9% during the fourth quarter. Copeland Capital Management LLC now owns 2,114,909 shares of the company’s stock worth $78,590,000 after acquiring an additional 18,195 shares in the last quarter. Finally, Channing Capital Management LLC raised its holdings in Northern Oil and Gas by 8.7% during the first quarter. Channing Capital Management LLC now owns 1,920,258 shares of the company’s stock valued at $58,049,000 after buying an additional 153,635 shares in the last quarter. 98.80% of the stock is currently owned by institutional investors and hedge funds.

Northern Oil and Gas, Inc, an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. It primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States.